CHENNAI: Investments by non-public fairness and enterprise capital corporations fell by $1.2 billion in March 2024 to $1.8 billion throughout 64 offers, as towards $3 billion in March 2023. The drop has bucked the development of improve in investments by PE-VC corporations in Jan-Feb this 12 months as in contrast with the year-ago durations, Enterprise Intelligence information confirmed.
Singapore-based sovereign wealth fund GIC‘s $500-million funding for a JV with Sterlite Energy Transmission topped the record of investments, adopted by Creation Worldwide & Multiples’ $233-million wager on microlender Svatantra Microfin.
The variety of offers between Jan and March this 12 months stand at 205 – a lower from 242 in the identical interval in 2023. Collective investments by PE-VC corporations throughout Jan-March 2024 had been at $6.3 billion – a decline of $500 million – over the year-ago interval at $6.8 billion.
Enterprise Intelligence founder Arun Natarajan stated the variety of mega offers ($100 million and above) was simply 4 in March 2024 in comparison with six in March final 12 months.
“Whereas sovereign wealth funds and pension funds from Singapore and Canada proceed to dominate the big ticket PE offers, it’s good to see that well-established giant Indian PE corporations resembling Multiples PE and Kedaara Capital in addition to skilled mid-market buyers like Lighthouse Funds making newer bets in the course of the month,” he instructed TOI.
Singapore-based sovereign wealth fund GIC‘s $500-million funding for a JV with Sterlite Energy Transmission topped the record of investments, adopted by Creation Worldwide & Multiples’ $233-million wager on microlender Svatantra Microfin.
The variety of offers between Jan and March this 12 months stand at 205 – a lower from 242 in the identical interval in 2023. Collective investments by PE-VC corporations throughout Jan-March 2024 had been at $6.3 billion – a decline of $500 million – over the year-ago interval at $6.8 billion.
Enterprise Intelligence founder Arun Natarajan stated the variety of mega offers ($100 million and above) was simply 4 in March 2024 in comparison with six in March final 12 months.
“Whereas sovereign wealth funds and pension funds from Singapore and Canada proceed to dominate the big ticket PE offers, it’s good to see that well-established giant Indian PE corporations resembling Multiples PE and Kedaara Capital in addition to skilled mid-market buyers like Lighthouse Funds making newer bets in the course of the month,” he instructed TOI.
